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Lend Lease Group (ASX:LLC) is investing in Australian infrastructure assets, according to Reuters.
Lend Lease has reportedly said that Australia’s infrastructure assets offer competitive returns compared with other regions.
The group believes the demand for rail networks, roads and other public facilities over the next ten years will translate to investment requirements of $360 billion to $770 billion.
Lend Lease currently manages $11 billion in global property assets and is looking to diversify further into the infrastructure sector.
In the first six months of the 2011 financial year Lend Lease recorded a net profit of $227 million.
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$5.44 |
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Mkt cap ! $3.754B | |||
| Open | High | Low | Value | Volume |
| $5.45 | $5.47 | $5.44 | $5.763M | 1.053M |
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| LLC (ASX) Chart |